Stackly Launches on Ethereum for Dollar-Cost Averaging (DCA) on the Blockchain
Stackly, a decentralized app (dapp) developed by Swapr HQ, has expanded its reach by launching on Ethereum. Stackly implements a dollar-cost averaging (DCA) strategy on the blockchain, aiming to reduce the impact of market volatility. The process involves users creating a 'Stack', which interacts with an order factory to create a smart contract. The smart contract generates an event that is monitored by an Order Discovery Bot, which interacts with CowSwap's API to complete the order. Stackly prioritizes decentralization and privacy, and has chosen Ethereum for its robust network and liquidity. Users can try Stackly.app for decentralized investments and provide feedback.